El Dorado Scottsdale, 6825 E. Fourth St., is working to complete a renovation this month of a 33-unit apartment complex, said Franco Calabrese, one of the property owners.

Built in 1960, the white, two-story building on 1.45 acres is in a neighborhood of well-tended apartments from the mid-20th century.

"It's a timeless look," Calabrese said of El Dorado. "It's all block construction and it honestly looks like it was just built."

The neighborhood south of Hotel Valley Ho at 68th and Main streets is characterized by a particular style of apartments built in the 1950s and '60s in Scottsdale with decorative block or native stone walls, balconies and courtyards with swimming pools, lawns and palm trees.

The apartment complex has relied on Midwesterners and Canadians visiting for the winter months.

The apartments of one, two and three bedrooms have had few upgrades or major interior renovations over the past five decades.

Calabrese has asked the city to approve a conditional-use permit that would allow El Dorado to operate as a hotel with guest stays of less than 30 days or as vacation suites with stays of a month or longer. It is a use allowed in the residential downtown-overlay district.

The furnished apartments are larger than hotel suites and have kitchens, making them ideal for weekend or business travelers for extended stays, he said.

One of its suites has a kitchen, its own fenced courtyard, a large living room and a private entrance.

El Dorado's use permit issue is tentatively scheduled to be considered by the Scottsdale Planning Commission on Oct. 10 and then would be heard by the Scottsdale City Council.

Eldorado Investments LLP of Scottsdale acquired the apartments in November with a $1.45 million loan from Mutual of Omaha Bank, according to Maricopa County property records.

The property sold for $2.17 million or $65,758 per apartment.

El Dorado plans a grand opening of its vacation suites from 6 to 10 p.m. Sept. 29 in a benefit for the Boys & Girls Clubs of Greater Scottsdale and its Angels for Kids Campaign, according to Wendy Forakis, El Dorado marketing director.

The event will include food and beverages from local restaurants, breweries and wineries, live music and gaming for prizes. Tickets at $40 per person are available at eldoradoscottsdale.com.